Samsung Electronics Co Ltd posted a 56per cent drop in second-quarter operating profit on Wednesday, hit by continuing declines in memory chip prices amid oversupply.
SAN FRANCISCO: Apple on Tuesday (Jul 30) delivered stronger-than-expected results in the just-ended quarter as growth from services helped offset weak iPhone sales, sparking a rally in shares of the tech giant. Profit in the third quarter to June fell 13 per cent from the year-ago period to US$10 ......
LONDON: British Foreign Minister Dominic Raab will travel to Thailand on Wednesday to attend a meeting of 10 Southeast Asian countries, searching for new business opportunities and stronger diplomatic ties ahead of Britain's exit from the European Union. Raab, appointed last week as part of new ...
Apple Inc Chief Executive Tim Cook on Tuesday said that the desire to keep Mac Pro computer production in United States was behind the company's recent request for tariff exclusions.
REUTERS: Capital One Financial Corp's assurances that a major data breach would have a limited impact on customers or profit failed to convince investors on Tuesday, with the bank's shares closing down 5.9per cent. Capital One said the prior day that 106 million people who had applied for credit...
MORGAN Stanley's Asian economics team, led by my colleague Deyi Tan, remains concerned about the impact of trade tensions on GDP growth in the region. In particular the team worries that continued uncertainty will affect investment activity and that downside risks to forecasts are increasing. In early...
"PRIVATE equity firms and investors are increasingly looking to take a chance on companies in the early stages of growth. Having said that, early-stage investments in startups have the potential for great rewards - typically five to 10 times more dollar value than a later-stage investment. ...
Two key committees in the U.S. Congress on Tuesday said they are reviving efforts to pass long-stalled legislation to speed the adoption of self-driving cars.
J.C. Penney Co Inc has hired a former Shopko Stores senior executive, the retailer said on Tuesday, as it hopes to resurrect itself despite stiff competition from online and discount retailers.
Apple Inc's quarterly profit and revenue beat Wall Street targets on Tuesday and its forecast for fourth-quarter sales topped expectations as well, with Chief Executive Tim Cook telling Reuters that "marked improvement in greater China" drove the results.
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